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WARRANTY | 3 Months Ended
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Mar. 31, 2015
Product Warranties Disclosures [Abstract] |
WARRANTY COSTS | WARRANTY Changes in the warranty liability consisted of the following (amounts in thousands):
| 2015 |  | 2014
Warranty liability, January 1 | $ | 28,144 |  |  | $ | 33,134 |
Provision for warranty liabilities | 2,526 |  |  | 5,320 |
Warranty payments made | (3,914 | ) |  | (5,604 | )
Warranty liability, March 31 | $ | 26,756 |  |  | $ | 32,850 |
The Company provides limited warranties on workmanship of its products in all market segments. The majority of the Company’s products have a limited warranty that ranges from zero to ten years, with certain products being prorated after the first year. The Company calculates a provision for warranty expense based on past warranty experience. Warranty accruals are included as a component of other current liabilities on the Consolidated Condensed Balance Sheets.

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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249 + Details
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